Lu5ck
教育

Not a TA. Events and Price relations

BINANCE:NANOBTC   NANO / Bitcoin
187瀏覽
3
187 0
I have listed out the events that lead to a raise and drop for Nano .

First. Btc crash.
It is a common understanding that when btc drop, altcoins drop but there is slightly more to it. Btc as the king of crypto has huge influence on cryptos since great majority of the altcoins are paired with btc . Whenever people wants to cash out of altcoins, they need to convert into btc or eth or ltc then cash it out from there. Thus, when btc in general crashes, all altcoins btc ratio will crash as well because people are selling off their altcoins to cash out which lead to btc crash. This crash is caused by political events regard to crypto market.

Secondly, Btc raises
Likewise when btc raises, means more money flowed into crypto market and plenty of these money too eventually will flow into the altcoins, leading to increase of btc ratio for altcoins. This boom is caused by political events regard to crypto market.

Third, Bitgrail lost 17m nano to alleged hacks.
A group of people will panic sell, believing in the alleged hacks therefore possibility of 17m being dumped onto market
A group of people will spread fuds and cause more to sell
A group of people will know the above two will cause price drop so they will too sell to re-enter at low price

Forth, end of corrections.
When price changes with little volatility despite having decent volume for half a day, it indicate the end of correction.

Fifth, altcoin update
Long awaited update is delivered while assuring more to come, boosting confidence for the altcoin development.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出